Professional indemnity insurance protects a company if a client takes legal action based on the professional advice received. SHC Insurance Brokers is increasingly the builders' and developers' partner of choice for commercial solutions, including professional indemnity insurance.
About professional indemnity insurance
Professional indemnity insurance covers business owners’ liability and legal counsel arising from a breach of professional duty.
What professional indemnity insurance covers
Professional indemnity insurance provides protection for:
Type of cover
Potential benefits
Civil Liability
Civil liability to a third party arising out of the conduct of their professional business.
Inquiry costs
The cost of defending an inquiry by a regulatory body into the professional conduct of the insured.
Defence costs
The costs involved in defending a claim triggered by the policy.
Fidelity cover
Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.
Advancement of costs and expenses
Additional costs and expenses incurred during a claim.
Additional costs and expenses incurred during a claim.
Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.
Who should consider professional indemnity insurance?
Professional indemnity insurance is recommended for all businesses and professional services, regardless of size, that provide professional advice and services in exchange for a fee.
Get covered with confidence
Get in touch with a professional indemnity insurance specialist today.
